Crop-loss band · Iowa
Benton County, Iowa — crop-loss band
- 1.00Low end of the filed band
- 2.33Middle of the filed band
- 3.08High end of the filed band
- 2020Worst year filed (13.14)
- 10Years filed
Every year the Risk Management Agency has filed for Benton County is in the series below, from 2015 to 2024. Read across those years the county’s annual loss ratio — indemnity divided by premium — runs from 1.00 at the low end to 3.08 at the high end, with 2.33 in the middle. The worst year filed is 2020, at 13.14. The band points are years the county actually ran, never a figure interpolated between two of them.
The county’s year-by-year record
| Year | Premium | Indemnity | Liability | Policies | Policies with a loss | Loss ratio |
|---|---|---|---|---|---|---|
| 2015 | $347,926 | $746,659 | $6,014,616 | 129 | 129 | 2.15 |
| 2016 | $143,198 | $440,984 | $2,746,610 | 70 | 70 | 3.08 |
| 2017 | $199,131 | $410,209 | $3,670,577 | 110 | 110 | 2.06 |
| 2018 | $420,087 | $982,993 | $8,867,132 | 167 | 167 | 2.34 |
| 2019 | $723,739 | $1,839,448 | $16,534,331 | 256 | 256 | 2.54 |
| 2020 | $4,146,673 | $54,476,675 | $116,576,543 | 1,097 | 1,097 | 13.14 |
| 2021 | $444,426 | $1,037,679 | $7,008,768 | 110 | 110 | 2.33 |
| 2022 | $198,894 | $268,493 | $3,175,940 | 28 | 28 | 1.35 |
| 2023 | $10,373,897 | $30,450,743 | $219,873,919 | 1,235 | 1,233 | 2.94 |
| 2024 | $1,948,458 | $1,956,950 | $27,579,676 | 245 | 245 | 1.00 |
Commodities insured in Benton County
3 commodities here clear the desk’s floors — at least five filed years and a quarter of a million dollars of filed premium. Each carries its own band, so a reader can read the commodity they actually farm rather than the county average.
Corn 10 years filed
- 0.57Low end of the filed band
- 2.65Middle of the filed band
- 4.79High end of the filed band
- 2020Worst year filed (14.42)
- 10Years filed
- $13,497,937Premium filed
- $78,792,043Indemnity paid
- $298,053,143Liability insured
- 327,121Quantity planted
- 345,169Quantity lost
- 2,086Policies
- 2,085Policies with a loss
- 5.84Loss ratio, whole span
Causes that carried the indemnity in Benton County
- Wind/Excess Wind $48,137,444 indemnity · 8 years
- Drought $22,831,257 indemnity · 9 years
- ARPI/SCO/STAX/MP/HIP WI Crops Only $2,824,855 indemnity · 3 years
- Excess Moisture/Precipitation/Rain $1,976,388 indemnity · 9 years
- Decline in Price $1,965,646 indemnity · 8 years
- Hail $349,579 indemnity · 3 years
Soybeans 10 years filed
- 1.14Low end of the filed band
- 1.96Middle of the filed band
- 3.07High end of the filed band
- 2016Worst year filed (4.66)
- 10Years filed
- $5,097,686Premium filed
- $11,834,412Indemnity paid
- $108,069,950Liability insured
- 169,823Quantity planted
- 171,100Quantity lost
- 1,266Policies
- 1,265Policies with a loss
- 2.32Loss ratio, whole span
Causes that carried the indemnity in Benton County
- Drought $7,704,113 indemnity · 9 years
- Excess Moisture/Precipitation/Rain $1,977,994 indemnity · 10 years
- Decline in Price $787,203 indemnity · 8 years
- ARPI/SCO/ECO/STAX/MP/HIP-WI/PACE Crops Only $659,395 indemnity · 2 years
- Wind/Excess Wind $272,768 indemnity · 3 years
- Hail $133,934 indemnity · 6 years
Hybrid Corn Seed 9 years filed
- 0.79Low end of the filed band
- 2.92Middle of the filed band
- 8.34High end of the filed band
- 2020Worst year filed (8.34)
- 9Years filed
- $350,806Premium filed
- $1,984,378Indemnity paid
- $5,925,019Liability insured
- 6,140Quantity planted
- 6,140Quantity lost
- 95Policies
- 95Policies with a loss
- 5.66Loss ratio, whole span
Causes that carried the indemnity in Benton County
- Wind/Excess Wind $1,569,451 indemnity · 3 years
- Drought $158,752 indemnity · 3 years
- Excess Moisture/Precipitation/Rain $155,341 indemnity · 5 years
- Cold Wet Weather $67,888 indemnity · 1 years
- Tornado $32,946 indemnity · 1 years
Every county-crop the agency files in Iowa → Buy the Benton County dossier →
Figures from the federal source files: EPA’s ECHO downloads, CMS provider files and the FMCSA census.
County cause-of-loss figures from the USDA Risk Management Agency’s Cause of Loss Summary of Business, county files, filed by the agency as a United States Government work. The loss ratio is the agency’s own published column: indemnity divided by premium, re-derived at the summed county-crop grain.